BY HARRY MOSER,
FOUNDER & PRESIDENT, RESHORING INITIATIVE
The COVID-19 pandemic has caused chaos in tightly interconnected global supply chains. In response, companies are rethinking, shifting, shortening and reshoring supply chains. The April Thomas Industrial Survey revealed that manufacturers are likely to bring production and sourcing back to North America (64%, a 10% increase from March 2020). And in other cases, importers are forgoing slightly higher short-term margins to minimize medium-term risk and embrace a more resilient and flexible local supply chain model. The COVID-19 pandemic is shifting priorities and having a dramatic impact on reshoring.
Read full article at Modern Casting magazine, published by the American Foundry Society
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